Equity
-€4,677
Debts exceed assets in financial year 2025.
FRANJO
Overview
Lifetime
3 annual accounts with figures on one time axispeak -€911 (2023)
-€1,658▼ €275
lowest -€3,311 (2024)
-€2,941▲ €370
peak €1,575 (2023)
-€4,677▼ €2,941
€6,748▲ 56.8%
Board1 name since 2023
1 directorVANDECRAEN Roel Mia Willy
Documentsfilings and deeds
30-07-20261 day before the deadline
2025abbreviated format
Gross margin from -€1,384 to -€1,658Loss of €2,941Equity from -€1,736 to -€4,677Debts from €4,304 to €6,748Cash from €831 to €339
Key points
from the 2025 annual accountsLosses
-€7,677 in three years
Every financial year from 2023 to 2025 closed with a loss. 2024 was the heaviest.
Position in the sector
-225.7%
Lower solvency than 95% of companies in real estate. Sector median 30.7% · 11,299 companies.
Turnover not published (abbreviated format)
Checked score
53
Fair
Financially stronger than 19% of micro companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,625 companies (NACE 68, micro).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%lowest value
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.3%▲ +0.1 percentage points vs 06-2025
08-2025: 0.5%▲ +0.2 percentage points vs 07-2025
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.6%▲ +0.1 percentage points vs 06-2026
08-2026: 0.7%▲ +0.1 percentage points vs 07-2026highest value
09-2026: 0.7%● unchanged vs 08-2026highest value
10-2026: 0.7%● unchanged vs 09-2026highest value
11-2026: 0.7%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€4,677
Loss of €2,941, the second in a row (financial year 2025)
lowers risk
Sector: Real estate activities (NACE 68)
Size: total assets €2,072
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 5% of them on solvency, 65% on liquidity, 4% on profitability and 3% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 7,639 companies had the same profile as FRANJO has now. Each dot stands for 20 companies, two years later.
84.8%
were still trading
5.6%
stopped another way
8.8%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of FRANJO itself is lower: 0.7% within 12 months. It rests on far more data about FRANJO than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,639 companies, not a prediction for FRANJO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
The balance sheet total is too small for a liquidity verdict. Equity is negative.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year -€4,677
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
1 day early
2024
6 days early
2023
5 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 4 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 July (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0802872958
Incorporation
Founding capital of €3,000, 300 shares · Founder: VANDECRAEN Roel Mia Willy · Appointment: VANDECRAEN Roel Mia Willy (director) · published on 21-06-2023 · Gazette deed
First establishment
Jos Nuytsdreef 60, Brecht
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FRANJO Brecht | €2,072 | -€1,658 | -225.7% | - |
| BELFRA PROJECTS Antwerp | €2,306 | -€2,738 | -127.8% | - |
| HOME INSULATION PROJECT Asse | €2,237 | -€1,221 | 95.7% | - |
| Congenium Mol | €3,243 | -€1,890 | -129.2% | - |
| NEXT DAY CAPITAL THIRTEEN Ixelles | €2,276 | -€10,215 | -1281.8% | - |
| CIRCULAR project Huldenberg | €1,572 | -€1,431 | 9.6% | - |
| NEXT DAY CAPITAL ELEVEN Ixelles | €2,462 | -€9,454 | -1149.6% | - |
These companies have the same main activity as FRANJO: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €1,570 and €3,240, founded between 2022 and 2024.
Official details
Source: KBO- Status
- Active since 19-06-2023Normal situation
- Activity
- Development of residential building projectsNACE 68121
- Establishment unit
- 2.347.445.0352960 Brecht, since 19-06-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 02-09-2023
Annual accounts 2025
- -€1,658▼ 19.8%
- €2,941▼ 11.2%
- -€4,677▼ 169%
- €2,072▼ 19.3%
- Filing
- Filed on 30-07-2026, 1 day before the end of the filing period
Insights on FRANJO
FRANJO files the abbreviated format. That format states no turnover. The gross margin fell from -€911 in 2023 to -€1,658 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
abbreviated format, filed on 30-07-2026, 1 day before the deadline-€1,658
▼ €275
-€2,717
▲ €128
-€2,941
▲ €370
€915
▼ 17.8%
-
-
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Balance sheet
balance sheet total €2,072 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
2,072 | 2,568 | 2,934 | |
20 |
432 | 1,359 | 2,285 | |
29/58 |
1,639 | 1,209 | 649 | |
40/41 |
913 | 379 | 5 | |
40 |
358 | 116 | - | |
41 |
555 | 262 | 5 | |
54/58 |
339 | 831 | 644 | |
490/1 |
387 | - | - | |
| Balance sheet: equity and liabilities | ||||
10/49 |
2,072 | 2,568 | 2,934 | |
10/15 |
-4,677 | -1,736 | 1,575 | |
10/11 |
3,000 | 3,000 | 3,000 | |
14 |
-7,677 | -4,736 | -1,425 | |
17/49 |
6,748 | 4,304 | 1,359 | |
17 |
5,624 | 4,208 | 1,340 | |
178/9 |
5,624 | 4,208 | 1,340 | |
42/48 |
724 | 96 | 20 | |
44 |
724 | 96 | 20 | |
440/4 |
724 | 96 | 20 | |
492/3 |
400 | - | - | |
| Income statement | ||||
9900 |
-1,658 | -1,384 | -911 | |
630 |
926 | 926 | 494 | |
640/8 |
133 | 536 | - | |
9901 |
-2,717 | -2,846 | -1,405 | |
65/66B |
223 | 465 | 20 | |
65 |
223 | 465 | 20 | |
9903 |
-2,941 | -3,311 | -1,425 | |
9904 |
-2,941 | -3,311 | -1,425 | |
9905 |
-2,941 | -3,311 | -1,425 | |
| Appropriation of the result | ||||
9906 |
-7,677 | -4,736 | -1,425 | |
14P |
-4,736 | -1,425 | - | |
| Document | ||||
The notes to these accounts have 2 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| -1,791 | -1,919 | -911 | ||
| -2,014 | -2,385 | -931 | ||
| 0 | 0 | - | ||
| -492 | 187 | - | ||
| 915 | 1,113 | 630 | ||
| -8.02 | -4.12 | -45.53 |
The ratios are withheld because a balance sheet total of €2,072 is too small for a meaningful ratio.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on FRANJO
The operating result for 2025 is a loss of €2,717, smaller than the loss of €2,846 in 2024.
Equity is negative. Debt (€6,748) exceeds the balance-sheet total (€2,072).
Board & ownership
Board
1 director, since incorporationDirector
appointed by deed of 21-06-2023
term without a fixed end
listed in the 2025 annual accounts, filed on 30-07-2026
Mandates through the years
1 name, the dashed line is todayVANDECRAEN Roel Mia Willy
Director
Director
Board
Mandates as a list
- VANDECRAEN Roel Mia Willy
- Director, appointed by deed of 21-06-2023, still in office
Control
Capital
- Contribution
- €3,000
- Shares
- 300
- Contribution per share
- €10
- Equity per share
- -€15.59 in 2025
- Source
- deed of 21-06-2023
Articles of association
deed of 21-06-2023 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Niet-statutaire bestuurders herroepbaar ad nutum bij besluit algemene vergadering zonder vergoeding, algemene vergadering bepaalt…”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Friday of June at 14:00
Shareholders
At incorporation
deed of 21-06-2023 ↗
- VANDECRAEN Roel Mia Willy 300 shares (100%) · €3,000 in cash
Network & group
No group
FRANJO has no parent and no holdings in its annual accounts. VANDECRAEN Roel Mia Willy is the only director. FRANJO shares no director with another company.
At the same address
Jos Nuytsdreef 60, 2960 Brecht · 1 other company| Disegno Projects
registered office since 18-11-2010 · founded in 2010 |
total assets €784,287 (2025) 0831.172.115 |
Timeline
Timeline
7 events since 2023Filings
Financial
Establishments
2023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBabbreviated format · 1 day before the deadline
2025
Annual accounts 2024 filed PDFabbreviated format · 6 days before the deadline
2024
Weakest financial year net -€3,311 The net result drops to -€3,311, the lowest from 2023 to 2025. It recovers the following year.
Annual accounts 2023 filed PDFabbreviated format · 5 days before the deadline
2023
Registered in the Peppol Directory Reachable for e-invoices through 0208:0802872958
IncorporationFounding capital of €3,000, 300 shares · Founder: VANDECRAEN Roel Mia Willy · Appointment: VANDECRAEN Roel Mia Willy (director) · published on 21-06-20233 points ▸
- Founder, VANDECRAEN Roel Mia Willy
- Founding capital, euro 3.000, 300 shares
- Director appointment, VANDECRAEN Roel Mia Willy
- The deed holds 2 more points.
First establishment Jos Nuytsdreef 60, Brecht
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
FRANJO was incorporated on 19 June 2023 as a private limited company by one natural person, with a starting capital of €3,000.12 VANDECRAEN Roel Mia Willy is director of the company, appointed by deed of 21-06-2023.2 Total assets fell from €2,934 in 2023 to €2,072 in 2025.3
Company details
Identity
- Enterprise number
- 0802.872.958
- VAT number
- BE 0802.872.958
- Peppol ID
- 0208:0802872958
- Other Peppol ID
- 9925:BE0802872958
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 19-06-2023
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Friday of June at 14:00deed of 21-06-2023 (in Dutch)
- Peppol
- Reachable since 02-09-2023Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- FRANJO in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 21-06-2023 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Jos Nuytsdreef 60, 2960 Brecht”deed of 21-06-2023 (in Dutch)
Activities
NACEBEL 202568121
Development of residential building projects main activity
Codes under NACEBEL 2008
41101
Real estate development main activity
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Jos Nuytsdreef 60 registered office 2960 Brecht | 19-06-2023 | 2.347.445.035 |
Buildings and parcels at the address
- Ground area
- 898 m²
- Buildings
- 99 m²
- Volume, LiDAR
- 97 m³
- Tallest building
- 13.5 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11009M0020/00W013 | 898 m² | 1 · 99 m² | 13.5 m |
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0802.872.958